Moringa School hits past Ksh.1.1B in funding after raising more cash to expand across Africa

The investment funded by Proparco builds up on its recent seed by DOB Equity and Ksh.1.1 billion (USD 9.5m) funding by Mastercard Foundation which has seen the tech based learning institution start to train Software Engineers in Ghana and soon Nigeria with a plan to scale to other African countries in the next 12 months.

Moringa CEO Snehar lauded the move saying: “The investment comes at an exciting time for Moringa as the institution expands to Ghana and Nigeria. We are keen to leverage on this partnership to train many more students using the leading US Bootcamp’s curriculum from Flatiron School." 

She added: "In line with our vision of a world in which anyone can create their future, we welcome the support of Proparco to make our courses available in new markets in Africa.”

On his part, Proparco's CEO Françoise Lombard noted that supporting the African tech ecosystem is on of their key priorities.

He added: "Proparco is proud to support an ambitious Edtech in its expansion in Africa and thus contribute to bridging the skills gap that has been affecting the growth of startups on the African continent.”

The company, in a statement to newsrooms, says the stage is now set for it to play a significant role in developing African tech talent and connecting it to purposeful and significant earning opportunities whether full time jobs, the gig economy or becoming entrepreneurs. 

Moringa has been training High School/University Graduates to be Software Engineers and Data Scientists for the past seven years in Kenya and achieved market leadership training over 4,000 students with an employment rate of over 85%, as most of its graduates enrol into leading companies throughout Africa and the world.

"Some of the notable companies that our graduates have been placed in include Safaricom, I&M,Andela, Sanlam, Microsoft, Cybertek and Dalberg Data Insights," reads the statement.

Founded in April 2014, Moringa School plays a pivotal role in developing and nurturing high potential individuals who are passionate about technology and want to take a lead role in Software Engineering and other tech-based programs. 

In 2020, Moringa was listed among the top 50 Edtech companies in Africa by HolonIQ. 

The World Bank cited Moringa School as a leader in the space following its research into technology boot camps. 

It was also recently selected as one of the World Economic Forum’s Technology Pioneers in 2021.